Definition

1. Noun:
   • The basic unit of money in the Ivory Coast: The "ivory coast franc" is the official currency unit of the Republic of Côte d'Ivoire (Ivory Coast). It is a named unit of monetary value used for pricing, trade, and accounting within the country.

Usage

• The term "ivory coast franc" is used to specify the currency unit of the Ivory Coast, distinguishing it from the currencies of other nations. It functions grammatically as a countable noun (e.g., one franc, ten francs).

Examples

• Noun:
  • The price for the local fabric was five thousand ivory coast francs.
  • Before adopting the West African CFA franc, the country used the ivory coast franc as its currency.

Advanced Usage

• Historical Context: The term is primarily used in historical or specific financial contexts, as the Ivory Coast now uses the West African CFA franc (XOF), which is shared with several other countries in the region. The "ivory coast franc" refers to the former national currency.

Variants and Related Words

• CFA franc (noun): The current shared currency of the West African Economic and Monetary Union, which includes the Ivory Coast.
• Franc (noun): A monetary unit used by several countries, historically and currently. The "ivory coast franc" is a specific instance of this broader category.

Synonyms

• Currency unit of the Ivory Coast: This is a descriptive synonym.
• Ivorian franc: A less common but equivalent term.

Notes on Meaning

• This term refers specifically to a monetary unit. It does not describe the physical banknotes or coins themselves (which would be "ivory coast franc notes" or "coins"), but the unit of account.
• The term is compound, formed from the country name "Ivory Coast" and the unit name "franc." Its meaning is fixed and refers exclusively to this financial concept.

Noun

1. the basic unit of money in the Ivory Coast